Electric Rates Going Up

[Mike S]

We have paid an average of p9.75 per k/w for the past 9 months here in Bacolod City using Ceneco ..... :t07051:

:cheersty:

Edited December 26, 2013 by Mike S

[jpbago]

We have paid an average of p9.75 per k/w for the past 9 months here in Bacolod City using Ceneco ..... :t07051:

:cheersty:

I am on Ceneco too. In my earlier post, I said that my rate was 5.82 per kwh. That is from the top line of the bill, the generation charge. In the OP, he was talking about the generation charge not the total bill with add ons. (ERC ordered Meralco to maintain the January 2014 generation charge at P7.37 per kwh, )

After I add up the 13 add-ons and subtract the 2 adjustments my bill rate is 9.46 per kwh by dividing the total bill by the usage (1448/153)

By using the generation charge, Meralco is 26% higher than Ceneco (7.37-5.82)

[Mike S]

Sorry about that ... when I do my cost and usage I have my spreadsheet set to divide the cost by the usage not just the generation charge .... didn't notice just the generation charge .... sometimes the add ons can be almost as much as the generation charge .... JMHO

:cheersty:

[earthdome]

The rates I posted were by dividing the total bill by the kwh used.

[Malcolm Graham]

As the 2PHP increase took the generation charge to 7.66 I should see a slight decrease in January.  The ERC did say the charge should be 7.37 :lol:

[Call me bubba]

seems too little to late

 

The price cap at the Wholesale Electricity Spot Market (WESM), the country’s trading floor for electricity, will be decreased to P32 from the current P62, as proposed by Energy Secretary Carlos Jericho Petilla

to shield consumers from price volatility.

Petilla said a tripartite committee composed of the Department of Energy, the Energy Regulatory Commission (ERC), and the Philippine Electricity Market Corp. (PEMC) has agreed to a new P32 price cap.

However, the ERC has yet to issue a resolution lowering the price cap.

 

Although prices at the WESM are market driven, the cap sets the price limit at the WESM even if electricity prices shoot up due to scarcity of electricity.

“We will put a cap of P32 from P62.

We will also provision on force majeure on the rules…For now we have to put these in place so there will be no spike (in prices),” Petilla said.

Efforts to improve operations at the WESM to avoid spikes in prices stemmed from the record increase in generation charge of Manila Electric Co. (Meralco), the country’s biggest power distributor, of P3.44 per kilowatt-hour in December.

 

post edited 

http://www.philstar.com/business/2013/12/29/1272904/govt-lowers-price-cap-power-market

 

appears that a TRO has been filed not 1 but 3.maybe this will help but in the long run

I am certain that the consumer will have to pay

 

 

Appealing the Supreme Court’s temporary restraining order (TRO) on the planned electricity rate hike of more than P4 per kilowatt-hour is an option the Manila Electric Co. (Meralco) and power generators

can take if they can’t absorb rising generation costs to ease consumers’ woes, Energy Secretary Carlos Jericho Petilla clarified yesterday even as lawmakers and militant groups castigated him for giving the advice.

 

Petilla issued the clarification after The STAR quoted him as urging Meralco to appeal the 60-day TRO issued last Dec. 23 by the High Tribunal.

Petilla said Meralco would really have to raise rates to recover costs and operate efficiently and that the TRO was only delaying it.

“I will respect the TRO. I am asking them (Meralco and the power generators)

 

to absorb the cost but if they cannot, they can appeal it if they want to,” Petilla told The STAR.

He said he was not taking sides but was only looking for ways to cut costs for the benefit of consumers.

He stressed it is up to Meralco to appeal the TRO if it wants to.

 

“I am balanced,” he said.

He said Meralco and the power generators may consider splitting costs so that consumers would not have to shoulder them.

Meralco earlier announced plans to raise electricity rates by P4.15 per kilowatt-hour,

citing a surge in generation cost from P3.44 per kwh to P9.10 per kwh.

 

Amid public uproar over the staggering rate increase, the SC issued a TRO before Christmas to stop Meralco from implementing it for 60 days to allow oral arguments on the petitions against the rate hike.

For lawmakers, Petilla’s giving legal advice to Meralco is uncalled for.

“Meralco is a multibillion-peso company. Its net profits are in the tens of billions.

It can therefore protect itself and does not need legal advice from Secretary Petilla,” Rep. Elpidio Barzaga Jr. of Dasmariñas City, Cavite said.

“Secretary Petilla is not Meralco’s legal adviser, and therefore his act of telling the company to file a motion for reconsideration is not only amusing but perplexing,” he said. :bonk:

 

He said if there’s anyone who needs government protection, it’s the 5.3 million customers of Meralco who are mostly poor people.

 

story edit from post

http://www.philstar.com/headlines/2013/12/29/1272976/petilla-gets-drubbing-clarifies-appeal-tro

[Malcolm Graham]

http://www,philstar.com/headlines/2014/03/127465/meralco-consumers-disregard-december-bills

 

Though if you do the full amount will be charged later I should think